We're Not Telling

So, the taxpayers (via the Federal Government) has given billions of dollars away this Christmas in the form of loans to a number of large banks.

Now, if I go to a bank and ask for a loan, what will they want to know?  How will I use the money?  Am I being responsible?  Am I being frivolous?   I'd like to know the same of them....

It's something any bank would demand to know before handing out a loan: Where's the money going?

But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they either can't track exactly how they're spending the money or they simply refuse to discuss it.

"We've lent some of it. We've not lent some of it. We've not given any accounting of, 'Here's how we're doing it,"' said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. "We have not disclosed that to the public. We're declining to."

The Associated Press contacted 21 banks that received at least $1 billion in government money and asked four questions: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest?

None of the banks provided specific answers.

It seems these banks think the American Taxpayer is Santa Claus, and they don't have to be "nice" to get their gifts this year....